Hibernia Management Group has been named receiver of the $44 million Zanjero Falls Corporate Oasisat 91st and Glendale avenues in Glendale, Ariz. The commercial project is set on 20 acres and the developed portion of the office condominium project contains a total of 145,000 sq. ft. of space. Las Vegas-based Investments Equity began developing the project in July 2007. Cushman & Wakefield of Arizona will manage the property.
CB Richard Ellis Realty Trust and Duke Realty Corp. have acquired a portfolio of three Class-A single tenant buildings, which was wholly owned by Duke, for $41 million. The properties include 22535 Colonial Parkway, a 89,750 sq. ft.building in Houston; Celebration Office Center III, a three-story office building in Orlando; and Fairfield Distribution Center IX, is a 136,212 sq. ft. warehouse facility in Tampa. The properties are all fully occupied.